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Farooq

Posts Tagged "external reserves"

HomePosts Tagged "external reserves"

Obinna Chima Nigeria’s external reserves has risen to a three-year high of $33.112 billion as of October 12, according to figure obtained from the Central Bank of Nigeria’s (CBN) website. The sustained accretion in the reserves is driven majorly by increased foreign currency inflows into the Nigerian fixed income securities market, the stability in crude […]

  • CBN

By Obinna Chima   The accretion of Nigeria’s foreign exchange (forex) reserves has continued, as figures released by the Central Bank of Nigeria (CBN) have shown that reserves had grown by $1.263 billion this quarter to $31.551 billion as of August 16, compared with the $30.288 billion on June 30. This signified a steady improvement […]

• Says recession will be over this year • CBN sells $25m through new FX window for investors, exporters Damilola Oyedele in Abuja and Obinna Chima in Lagos Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, has revealed that the country’s foreign reserves have exceeded $31 billion, a development which he said gives the […]

  • CBN

By Obinna Chima Despite all the dollars pumped into the foreign exchange (FX) market by the Central Bank of Nigeria (CBN) since February 20 when it announced its new FX policy measures, the country’s external reserves have remained relatively robust. The reserves, derived primarily from crude oil earnings, increased from $29.282 billion as of February 20 […]

  • dollar to naira

External reserves climbed to $30.56 billion as of April 18, the highest level in 2017, as the Central Bank of Nigeria (CBN) tries to rebuild currency buffers hammered by dwindling global oil prices. The rise coincides with a recent rise in the price of crude, which account for the bulk of foreign currency earnings. The […]

  • dollar to naira

Nigeria’s foreign reserves appreciated by $4.45 billion in the first three months (Q1) of 2017 as the Central Bank of Nigeria (CBN) sustained pressure in bridging the gap between official foreign exchange and parallel market rates. Statistics on the CBN website at the weekend revealed that the foreign exchange reserves increased by 17.2 per cent […]

  • CBN

Femi Asu The nation’s foreign exchange reserves, which had increased significantly in recent months to hit the $30bn mark, fell for the first time this year on Tuesday. Latest data from the Central Bank of Nigeria showed on Wednesday that the external reserves dropped to $30.349bn on Tuesday  from $30.352bn on Monday. The reserves, which […]

  • CBN

Oyetunji Abioye The nation’s external reserves have risen by $4.7bn or 20 per cent in the past three months, according to the latest data from the Central Bank of Nigeria. Statistics on the CBN website on Sunday revealed that the foreign exchange reserves increased from $24.0bn on November 9, 2016 to $28.7bn on February 9, […]

  • dollar to naira

LAGOS Jan 24 (Reuters) – Nigeria’s foreign exchange reserves rose 8.9 percent to $27.49 billion by Jan. 20 from a month ago, climbing to the highest level since April, central bank data showed on Tuesday. The reserves are down 3.17 percent from the same period in January 2016, however. The central bank did not provide […]

Oyetunji Abioye The nation’s external reserves have risen by 15 per cent in the past three months, the latest data from the Central Bank of Nigeria have shown. Specifically, the foreign exchange reserves increased by $3.6bn from $23.8bn on October 19, 2016 to $27.4bn on January 19, 2017, the CBN data showed on Sunday. The […]